Facebook says the FTC privacy inquiry could cost as much as $5 billion

Facebook says the FTC privacy inquiry could cost as much as $5 billion

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/04/24/facebook-estimates-up-to-5-billion-loss-in-ftc-privacy-inquiry.html

Facebook took a $3 billion charge due to the Federal Trade Commission's inquiry into its business, the company disclosed in its first quarter 2019 earnings report. Facebook estimated the final charge could be as much as $5 billion for the company.

"The matter remains unresolved, and there can be no assurance as to the timing or the terms of any final outcome," the company wrote in its release.

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